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Freddie Asks Treasury for $30 Bln After Big Quarterly Loss

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  • Freddie Asks Treasury for $30 Bln After Big Quarterly Loss

    Sure, what's a few Billion thrown here and there of taxpayer's money..:rolleyes:

    http://www.foxbusiness.com/story/mar...uarterly-loss/

    Wednesday, March 11, 2009
    Freddie Asks Treasury For $30.8 Bln After Big Quarterly Loss

    SAN FRANCISCO -- Freddie Mac asked the government for billions of dollars in extra support late Wednesday after reporting a fourth-quarter net loss of $23.9 billion, or $7.37 a share. That was a slight improvement from the third quarter of last year, when the mortgage giant suffered a net loss of $25.3 billion, or $19.44 a share.

    The Federal Housing Finance Agency, which oversees Freddie, has asked the Treasury Department for $30.8 billion and the company said it expects to receive that money in March.
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